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NCA and NEMA payments
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kiwaru
#1 Posted : Tuesday, July 19, 2016 3:08:55 PM
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Joined: 8/5/2011
Posts: 125
Do we still need to pay for this for construction projects?
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muandiwambeu
#2 Posted : Wednesday, July 20, 2016 6:16:59 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
kiwaru wrote:
Do we still need to pay for this for construction projects?

some to me. weren't they waved off in Rotich's budget. some dude telling me otherwise. Sad
,Behold, a sower went forth to sow;....
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sanity
#3 Posted : Wednesday, July 20, 2016 8:52:41 AM
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Joined: 1/24/2011
Posts: 407
Location: Nairobi,Kenya
True..They were waved by the recent Rotich budget.But it was a proposal which has to be enacted by a parliamentary amendment to the current law.Therefore that means you keep paying the fee until Parliament says otherwise..So you may opt to wait for Parliament to amend the law or Just payup and proceed with your project.
Hope is not a strategy
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VituVingiSana
#4 Posted : Wednesday, July 20, 2016 9:11:37 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
sanity wrote:
True..They were waved by the recent Rotich budget.But it was a proposal which has to be enacted by a parliamentary amendment to the current law.Therefore that means you keep paying the fee until Parliament says otherwise..So you may opt to wait for Parliament to amend the law or Just payup and proceed with your project.

Opportunity Cost: If the project can wait [NCA fees waived, lower price of materials as global prices fell but local prices lagged in dropping, etc] then wait. Plus is demand that hot for commercial/residential? Interest rates are likely to climb before the elections.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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karete
#5 Posted : Friday, September 16, 2016 9:57:16 AM
Rank: New-farer


Joined: 5/23/2016
Posts: 19
VituVingiSana wrote:
sanity wrote:
True..They were waved by the recent Rotich budget.But it was a proposal which has to be enacted by a parliamentary amendment to the current law.Therefore that means you keep paying the fee until Parliament says otherwise..So you may opt to wait for Parliament to amend the law or Just payup and proceed with your project.

Opportunity Cost: If the project can wait [NCA fees waived, lower price of materials as global prices fell but local prices lagged in dropping, etc] then wait. Plus is demand that hot for commercial/residential? Interest rates are likely to climb before the elections.


Any idea whether this was gazetted?
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Surething
#6 Posted : Sunday, September 18, 2016 5:59:29 PM
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Joined: 7/12/2016
Posts: 39
Location: Nairobi
The only thing that happened was NEMA classed projects at low risk, medium risk & high risk.... All still paying 0.01% but now capped at Kshs. 10 million, they also reduced the period within which to approve / dissaprove projects from 45 days to 30 days maximum. It will be a boon for the huge developers but make little for the little guy.
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